Guam Code > Title 18 > Chapter 88 – Unlawful Contracts
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Terms Used In Guam Code > Title 18 > Chapter 88 - Unlawful Contracts
- Contract: A legal written agreement that becomes binding when signed.
- Fraud: Intentional deception resulting in injury to another.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.